Streetbeat News

Earnings

DASH

DoorDash shares are trading lower following the announcement of worse-than-expected Q4 GAAP EPS results.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:06 pm

AMN

AORT

CDIO

HCTI

HEPA

IKNA

IVA

MNOV

SIEN

SRPT

SXTC

TTOO

In Friday's pre-market session, several healthcare stocks showed significant movement. Gainers included China SXT Pharmaceuticals, MediciNova, Sarepta Therapeutics, Ikena Oncology, Sientra, and Artivion, with increases ranging from 10.86% to 25.2%. Losers were Inventiva, T2 Biosystems, Healthcare Triangle, Hepion Pharmaceuticals, Cardio Diagnostics Hldgs, and AMN Healthcare Services, with decreases ranging from 7.26% to 8.6%. Notably, earnings reports influenced several of these movements.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 1:06 pm

HTOO

SGLY

SPWR

In Friday's pre-market session, Fusion Fuel Green, Lichen China, Singularity Future Tech, Intuitive Machines, HireRight Holdings, and BlackSky Technology saw significant gains, while Bloom Energy, Pixie Dust Technologies, Sentage Holdings, SunPower, Earlyworks Co, and WANG & LEE Group experienced notable losses. Fusion Fuel Green led the gainers with a 250.8% increase, while Bloom Energy saw the largest decrease among the losers at 18.9%. Earnings reports influenced some of the stock movements.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 1:05 pm

AMAT

BTOG

DBX

HOLO

In Friday's pre-market session, several Information Technology stocks showed significant movement. MicroCloud Hologram, Bit Origin, and Greenidge Generation Holdings were among the top gainers, while Dropbox, MultiSensor AI Holdings, and ARB IOT Group led the losers. Applied Materials reported Q1 earnings, influencing its stock rise.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 1:05 pm

PPL

PPL Corporation projects its 2024 earnings per share (EPS) to be in the range of $1.63-$1.75, with a midpoint of $1.69, indicating a 7% increase over the 2023 ongoing EPS target. This projection aligns with the company's targeted growth rate.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:04 pm

AMAT

Applied Materials (AMAT) shares surged following the announcement of impressive Q1 financial results and optimistic Q2 guidance. Additionally, Needham reaffirmed its Buy rating on AMAT and increased the price target from $180 to $240.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:04 pm

AXL

American Axle & Mfg Hldgs (AXL) reported Q4 adjusted EPS of $(0.09), surpassing the $(0.19) estimate, with sales of $1.46B exceeding the $1.42B forecast. This represents a 28.57% decrease in losses per share compared to last year, and a 5.03% increase in sales from the same period.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:02 pm

PPL

PPL Corporation reported its Q4 adjusted earnings per share (EPS) at $0.40, surpassing the analyst consensus estimate of $0.38, marking a 5.26% beat and a 42.86% increase from the previous year's earnings. The company's quarterly sales reached $2.03 billion, exceeding the $1.90 billion estimate by 6.89%, despite being an 11.31% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 1:02 pm

WEN

Wendy's (NASDAQ:WEN) received mixed analyst ratings over the last three months, with an average 12-month price target of $20.5. The company's financial performance shows solid revenue growth, exceptional net margin, and strong ROE and ROA, but a high debt-to-equity ratio. Wendy's is the second-largest burger QSR in the US by systemwide sales.

Portfolio Pulse from Benzinga Insights

February 16, 2024 | 1:01 pm

CNK

Cinemark Holdings Inc (NYSE:CNK) reported a 6.5% year-on-year increase in Q4 FY23 sales to $638.9 million, surpassing analyst expectations. However, its EPS loss of $(0.15) missed the consensus loss estimate of $(0.13). Admissions and concession revenues rose, driven by increased attendance. The company narrowed its net loss to $(18.0) million from $(99.3) million a year ago and ended the quarter with $849.1 million in cash. Despite these improvements, CNK shares dropped 3.81% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

February 16, 2024 | 12:56 pm